June 18, 2007

Why the MSM Love Fest for Hugo Chavez?

By Ed Lasky
Why do so many in the media and culture place a positive spin on the triumph of tyrants? Hugo Chavez is just the latest in a long line of left wing thugs to capture the hearts of elite journalists. Is there some regressive process at work, loosening their ties to the love of liberty? As Hugo Chavez completes his plan to end democracy, free speech and free enterprise in Venezuela there has been a spate of articles that are wrapping this revolution in a positive glow.On June 15th, the New York Times published an article celebrating the profitability of banks in Venezuela. This boom is probably ephemeral and is based on record public spending that is fueled by record high oil prices. Furthermore, much of this money is trapped in the country by currency controls imposed by Chavez. This flooding of cash into the economy will most probably have a very bad ending.But this does not prevent the New York Times from touting the boom times in Venezuela. Coincidentally (or not), the June 15th...(Read Full Article)